4. Which of the following governmental steps has proved relatively effective in controllingthe double digit rate of inflation in the Indian economy during recent years?(a) Containing budgetory deficits and unproductive expenditure(b) Streamlined public distribution system(c) Enhanced rate of production of all consumer goods(d) Pursuing an export-oriented strategy

Ans: (a)

5. Of the various ways of financing government’s investment expenditure, the leastinflationary is : [PCS 1994](a) foreign aid(b) deficit financing(c) taxation(d) public borrowing

Ans: (c)

6. ‘Devaluation’ means: [RRB 1992](a) converting rupee into gold(b) lowering of the value of one currency in comparison of some foreign currency(c) making rupee dealer in comparison to some foreign currency(d) None of these

9. Inflation is caused as a result of:(a) increase in money supply(b) fall in production(c) increase in money supply without a corresponding increase in production(d) decrease in money supply without a corresponding decrease in production

Ans: (c)

10. When was the decimal system of currency introduced in India?(a) 1948(b) 1950(c) 1954(d) 1957

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